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Belt getting a little tighter?

January 13th, 2009 at 04:53 am

My work has been systematically cutting back on perks because they are doing what they can in light of poor sales to keep everyone employed. The majority of the cuts have been met with little grumbling, as they were perks and definitely not something the average office has. They also took a long hard look at a few other areas (travel for example) and have been working on ways to save money in that respect. Even with all that, we still let people go. Just 6, basically one from each department. But still it's one of those things that makes it hit home, makes it more personal.

But we thought it was all behind us. However recently a few more items have been announced as being cut and more push for revenue through as many means as possible.

Today it was announced that they were dropping the employer contribution to our simple ira accounts from 3% to 1%. Apparently that was the straw for some people. At least it's got them grumbling.

Don't get me wrong, I would prefer to not be affected quite so personally by things however...I'm totally willing to loose $60/mo if it means I keep my job. And really, if you do the math, if half the people at my company contribute to their simple ira and the company matching is the same as mine...cutting that 2% means saving one person's job. I have no problem with that.

I did the math over the weekend. Cut out everything I possibly could. Even cut out gas since I can probably borrow my roommate's vehicle if I needed to, or catch rides, or ride my bike, or walk. And the killer is, if I have to go on unemployment and try to pay for cobra, I'm still about $200 short. I cannot afford to go on unemployment. And my friends who have been laid off...can't find jobs to even apply to.

So for me, I'll take whatever the company opts to give me for a matching. I'll reduce my contribution when the time comes to match their matching. And be happy that I still have a job.

1 Responses to “Belt getting a little tighter?”

  1. mooshocker Says:
    1231858188

    With todays challenges, hold tight to what God has blessed you with and pray for a brighter tomorrow. I know it will get better and the personal/professional sacrifices we are making today will come back to us ten fold in more way than just money.

    God bless

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